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The main domestic risks faced by the Mexican economy in terms of growth and stability are the fall in oil production and the lack of a strong fiscal adjustment, because the difference between income and expenses is large, warned Bank Of America.

Friday, November 4th, 2016

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The Federal Government has launched an infrastructure plan to import and transport the natural gas in Mexico. The authorities believe it would help to make a gas market based on free competition, according to a report in Expansión.

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Magna production has had a steady decline during 2016. According to Pemex data, it was produced 279mmbpd of magna gasoline in August, which means a 20% fall compared to the same period last year. Magna gasoline is the most consumed fuel in Mexico.

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Gas Natural Fenosa, the company that has been 20 years in the country and has just achieved a penetration rate of 7% among Mexican consumers, the rest are using Liquefied Petroleum Gas (LPG), according to a report in La Jornada.

Wednesday, September 28th, 2016

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In the first half of 2016, it has been imported 12,694 million liters of fuels, with a value of US$4.9B, according to data from the Ministry of Economy. In 2015, the Federal Government spent US$13.4B in fuels’ imports.